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NHAI Set to Launch Green Bonds Valued at Rs 10 billion
Reiterating its commitment to promote environment sustainability and development of green highways, National Highways Authority of India’s fully owned Special Purpose Vehicle (SPV) ‘DME Development (DMEDL) will issue green bonds to raise funds for the implementation of environment friendly measures on Delhi-Mumbai Expressway project. To be held under closed bidding system, the aggregate total size of the issue will be up to Rs10 billion with a base issue size of Rs 5 billion. There will be a green-shoe option to retain oversubscription up to Rs 5 billion. The first of its kind green bond i..
Govt may Offer 35% Subsidy for Goods Transport via Inland Waterways
To enhance the transportation of goods through rivers, which currently constitutes only 2 per cent of India’s total freight movement, the government is planning to introduce a three-year subsidy scheme for cargo owners opting for inland waterways. Under the proposed initiative, a 35 per cent subsidy for transportation on national waterways 1, 2, and 16 is expected to shift around 800 million tonne-kilometres (tkm) of cargo to inland waterways, as per the Ministry of Ports, Shipping, and Waterways. (Tkm measures cargo transportation by multiplying the metric tonnes of goods by the distance ..
NDMC to Install 139 Eco-Friendly Rainwater Harvesting Pits in Delhi
To conserve rainwater, the New Delhi Municipal Council (NDMC) has finalized a plan to construct 139 modular water harvesting pits, with work expected to begin soon. According to NDMC Vice-Chairman Kuljeet Chahal, 95 of these pits will be built by the road division, while the remaining 44 will be handled by the building department. He explained that the tendering process for the project has already been completed, and construction can commence shortly. Chahal highlighted that these pits are environmentally friendly, cost-effective, require minimal maintenance, and can be constructed quickly. ..
